Practice and client management

When Goldman Sachs executives set out to woo investors in early 2020, they offered a promising outlook for their novelty Main Street business. The unit would go from a money-suck to break-even in 2022. It isn’t quite working out that way. 

The two megabanks said that their capital requirements will rise in the wake of Federal Reserve stress tests, putting downward pressure on their distributions to shareholders. Meanwhile, Bank of America, Wells Fargo, Goldman Sachs and others announced plans to raise their dividends.

Tom DeWitt will step down as president and chief executive in August, concluding more than 31 years with SFFCU.

A new and larger finance industry is emerging — one in which traditional institutions aren’t nearly as dominant as they used to be.

The bank, which is already a major advertiser in women’s sports, challenged other companies to follow its lead in balancing financial commitments to men's and women's athletics.

Kent Oram will step down on Dec. 31 after more than 15 years as president and chief executive of ICCU.

Pushes for transparency on charitable donations and ghost guns, among others, were voted down.

Goldman Sachs Group plans to anchor a new office tower in Dallas that would hold thousands of employees, part of the bank’s expansion beyond its Manhattan base.

Court-appointed custodian Alfred Putnam is seeking an extension of nearly three weeks to give more groups time to nominate candidates for a vacant board seat at the Philadelphia bank and solicit proxies from investors before a special meeting.

Bruce Leighton will step down as president and chief executive in September.